[New post] CIMB: Tongda Group Holdings Ltd

alanyeo posted: " Margin pressure persists in casings■ 1H21 net profit improved to HK$54m, but was HK$60m below our forecastdue to weak GPM recovery and increased labour and depreciation expenses.■ Orders from Apple remain key revenue driver but GPM outlook uncertain.■ Do" Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: Tongda Group Holdings Ltd by alanyeo Margin pressure persists in casings■ 1H21 net profit improved to HK$54m, but was HK$60m below our forecastdue to weak GPM recovery and increased labour and depreciation expenses.■ Orders from Apple remain key revenue driver but GPM outlook uncertain.■ Downgrade from Add to Hold as we lower our FY21-23F EPS by 18-21% andnow expect negative EPS […] Read more of this post This post is ad-supported ​ alanyeo | September 2, 2021 at 3:27 pm | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-3x0 Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/09/02/cimb-tongda-group-holdings-ltd/ Thanks for flying with WordPress.com